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Commercial Real Estate's New Darling: Retail

BY Paul Bergeron
February 01, 2023

Retail appears to be replacing multifamily when it comes to commercial real estate darlings.

Shopping center vacancy in Q4 2022 reached its lowest level dating back to 2007 — just one among the sparkling highlights according to Cushman & Wakefield research.

Asking rents for shopping centers rose broadly nationwide by 0.8% quarter-over-quarter (QoQ) to an average of $22.99 per square foot (psf), while the vacancy rate declined 20 basis points (bps) to 5.7%.

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